Utility Spending on Blockchain-Based Platforms for Certificates of Origin by Region, World Markets: 2017-2026

Utility Spending on Blockchain-Based Platforms for EV Charging and Integration by Region, World Markets: 2017-2026

Utility Spending on Blockchain-Based Platforms for Meter Registration and Switching by Region, World Markets: 2017-2026

Utility Spending on Blockchain-Based Platforms for Transactive Energy by Region, World Markets: 2017-2026

目次

Product Code: MO-BUI-18

Blockchain architectures are emerging technologies that can offer a decentralized, secure, and low friction alternative to traditional mechanisms for interactions between nodes participating in a network. At the heart of the blockchain architecture is the blockchain itself, a distributed ledger that stores all exchanges of information or value between network participants. While blockchain originated in the financial sector as a mechanism to support the exchange of digital currencies, the underlying technology has many applications outside of finance-like healthcare, law, and energy.

More than half of the current energy-related blockchain projects launched in 2016 and 2017, when hundreds of millions of dollars of investment poured into new projects. However, the energy industry's requirements for a blockchain architecture differ significantly from those of the financial sector and the technologies are still nascent. Energy-specific blockchain use cases must emphasize operational efficiency over complete decentralization and disintermediation, which requires blockchain architectures to be designed accordingly. This report provides an overview of five use cases where blockchain-based platforms are under development, highlighting the broad range of potential utilities industry applications. According to Navigant Research, total utility spending on these five blockchain-based platforms is expected to reach $3.7 billion by 2026.

This Navigant Research report provides an overview of the developing market for blockchain-based platforms in the utilities industry. The study focuses on wholesale energy trading, certificates of origin, EV charging and integration, meter registration and switching, and transactive energy platforms. Global forecasts of utility spending, segmented by region and use case, extend through 2026. The report also describes the components of a blockchain architecture and explores the competitive landscape and key challenges that must be addressed before blockchain can be widely adopted in the energy sector.

Key Questions Addressed:

How can blockchain be adapted to the energy industry?

What is a blockchain architecture?

What design challenges must be addressed for an energy blockchain to be successful?

Where can blockchain-based platforms create value along the energy industry value chain?

Which organizations are some of the leading innovators in the energy blockchain space?

How might utilities and industry incumbents be affected by emerging blockchain-based platforms?

How should industry players approach and engage with blockchain technology?

Who needs this report?

Utilities

Energy trading software developers

Energy software vendors

Distribution system operators

EV equipment manufacturers

Standards development associations

Investor community

Table of Contents

1. Executive Summary

1.1 Blockchain Architectures Will Support the Energy Cloud

1.2 Market Forecasts and Dynamics

2. Market Issues

2.1 The Utilities Industry Is Made Up of Many Stakeholders and Intermediaries